The Maine Narrow Gauge Railroad And Industrial Hertiage Trust
- Assets
- $2.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 14
- Location
- Portland, ME
- Founding
- 04/1993
- Data as of
- 03/2022
- EIN
- 01-0478004
Organization Overview
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust, operating under the name Maine Narrow Gauge Railroad Co & Museum, is located in Portland, ME. The organization was established in 1993. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 03/2022, Maine Narrow Gauge Railroad Co & Museum employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Narrow Gauge Railroad Co & Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Maine Narrow Gauge Railroad Co & Museum generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $696.7k during the year ending 03/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MAINE NARROW GAUGE RAILROAD COMPANY & MUSEUM PRESERVES AND OPERATES HISTORIC TWO-FOOT GAUGE RAILROAD EQUIPMENT FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AN EDUCATIONAL MUSEUM AND TRAIN RIDE EXPERIENCE TO OVER 40,000 VISITORS BY PRESERVING, OPERATING AND INTERPRETING HISTORIC MAINE TWO-FOOT NARROW GAUGE RAILROAD EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Heinz Frmr. Exec Dir. | Officer | 40 | $55,596 |
Griffin Bourassa Executive Dir. | Officer | 40 | $13,382 |
Paul Forbes Secretary | OfficerTrustee | 4 | $0 |
Alex Ensign President | OfficerTrustee | 12 | $0 |
Glenn Papp Vice President | OfficerTrustee | 4 | $0 |
Dakota Dumont Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,515 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $369,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,513 |
| Noncash contributions included in lines 1a–1f | $2,048 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $494,455 |
| Total Program Service Revenue | $294,899 |
| Investment income | $1,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $442,989 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$291 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,233,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,978 |
| Compensation of current officers, directors, key employees. | $34,489 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,416 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,687 |
| Payroll taxes | $17,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,542 |
| Advertising and promotion | $16,428 |
| Office expenses | $19,301 |
| Information technology | $6,044 |
| Royalties | $0 |
| Occupancy | $149,650 |
| Travel | $17,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,065 |
| Insurance | $37,430 |
| All other expenses | $13,426 |
| Total functional expenses | $696,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $848,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,072 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $950,594 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $380,488 |
| Total assets | $2,187,281 |
| Accounts payable and accrued expenses | $12,362 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $579,504 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $591,867 |
| Net assets without donor restrictions | $1,595,414 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,187,281 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Maine Narrow Gauge Railroad And Industrial Hertiage Trust has recieved totaling $5,353.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,353 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH | $64,269,944 | $72,988,833 |
Marine Biological Laboratory Woods Hole, MA | $244,080,045 | $44,910,519 |
Lab Central Inc Cambridge, MA | $43,646,817 | $21,795,021 |
Bigelow Laboratory For Ocean Sciences East Boothbay, ME | $62,794,897 | $20,387,195 |
American Meteorological Society Boston, MA | $23,955,564 | $17,020,268 |
Mount Desert Island Biological Laboratory Salisbury Cove, ME | $34,360,356 | $21,825,438 |
Terc Inc Cambridge, MA | $20,874,819 | $13,653,170 |
Woodwell Climate Research Center Falmouth, MA | $35,020,483 | $19,563,281 |